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Levloan investors fête Dell, eclipsing high yield market

By Jon Hay
25 Sep 2013

The leveraged loan market flexed its muscles this week as investors scrambled for US computer maker Dell’s covenant-lite loans. Not only did levloan investors out-compete bond investors, so that a bond tranche was replaced with a loan, but the demand showed just how eager European investors can be for cov-lite paper, although some of the interest will have come from the US.

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By Jon Hay
25 Sep 2013